Eastman Kodak (NYSE:KODK) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC lowered its stake in Eastman Kodak (NYSE:KODK) by 24.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,929 shares of the technology company’s stock after selling 8,461 shares during the quarter. MetLife Investment Management LLC’s holdings in Eastman Kodak were worth $122,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KODK. Dimensional Fund Advisors LP raised its stake in shares of Eastman Kodak by 49.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,735 shares of the technology company’s stock valued at $10,801,000 after acquiring an additional 659,991 shares during the period. Marshall Wace LLP purchased a new stake in Eastman Kodak in the second quarter valued at approximately $2,197,000. American Century Companies Inc. lifted its stake in Eastman Kodak by 77.9% during the second quarter. American Century Companies Inc. now owns 715,264 shares of the technology company’s stock worth $3,848,000 after purchasing an additional 313,191 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Eastman Kodak during the third quarter worth $635,000. Finally, Susquehanna Fundamental Investments LLC grew its stake in shares of Eastman Kodak by 59.7% in the second quarter. Susquehanna Fundamental Investments LLC now owns 218,669 shares of the technology company’s stock valued at $1,176,000 after buying an additional 81,782 shares in the last quarter. Hedge funds and other institutional investors own 33.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Eastman Kodak from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th.

Eastman Kodak Price Performance

Shares of KODK opened at $6.79 on Tuesday. The company has a market cap of $545.51 million, a P/E ratio of 9.69 and a beta of 3.73. Eastman Kodak has a fifty-two week low of $3.33 and a fifty-two week high of $7.74. The company has a quick ratio of 1.51, a current ratio of 2.41 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average price is $5.33 and its 200 day moving average price is $5.32.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.15 earnings per share for the quarter. The business had revenue of $261.00 million for the quarter. Eastman Kodak had a return on equity of 8.47% and a net margin of 7.70%.

Eastman Kodak Profile

Eastman Kodak Company engages in the provision of hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through three segments: Print, Advanced Materials and Chemicals, and Brand.